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Chancellor Alistair Darling on brink of second bailout for banks
Billions may be needed as lending squeeze tightens
Francis Elliott, Deputy Political Editor, and Gary Duncan, Economics Editor
Saturday January 03 2009, 12.00am GMT, The Times
Alistair Darling has been forced to consider a second bailout for banks as the lending drought worsens.
The Chancellor will decide within weeks whether to pump billions more into the economy as evidence mounts that the £37 billion part-nationalisation last year has failed to keep credit flowing. Options include cash injections, offering banks cheaper state guarantees to raise money privately or buying up “toxic assets”, The Times has learnt.
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
